NATURAL WATER LIMITED

⚰️Wound downdissolved

SC149165 · ltd · incorporated 1994-02-21

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

52/100

Worth a look

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 52/100 (worth a look), bankability 72/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 31.9y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 31.9 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

24 officers (2 active, 24 linked, 17 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

10 connected companies via shared directors

Filing history

139 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

52/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (79 events)Click to expand

2016-08-02
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-08-02
🏁
Company dissolved
2016-05-17
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2016-05-06
📄
dissolution-application-strike-off-company
dissolution · DS01
2016-03-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-02-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-02-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-02-05
➕
MACPHERSON, Brian Richard appointed
director
2016-02-05
➖
PLOUVIN, Olivier resigned
director
2016-02-05
➖
SHAPIRA, Yariv resigned
director
2015-09-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-07-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-03-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-09-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-06-21
➕
MACLAY MURRAY & SPENS LLP appointed
corporate-secretary
2013-06-21
➖
SF SECRETARIES LIMITED resigned
corporate-nominee-secretary
2013-06-21
📄
appoint-corporate-secretary-company-with-name
officers · AP04
2013-06-21
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2013-06-21
📄
termination-secretary-company-with-name
officers · TM02
2013-04-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-09-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-02-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-09-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-03-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-01-12
⚠️
legacy
insolvency · CAP-SS
2011-01-12
📄
legacy
capital · SH20
2011-01-12
📄
resolution
resolution · RESOLUTIONS
2011-01-12
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2010-09-06
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-12-22
➖
CUNIA, Gadi resigned
director
2008-12-22
➕
SHAPIRA, Yariv appointed
director
2008-10-03
➖
HOWIE, William resigned
director
2008-04-25
➖
KITLEY, Robert Gowan resigned
director
2008-03-04
➕
HOWIE, William appointed
director
2007-09-21
➖
BRINDLEY, Philippa Lucy resigned
director
2007-09-21
➕
PLOUVIN, Olivier appointed
director
2007-02-12
➕
KITLEY, Robert Gowan appointed
director
2006-09-30
➕
BRINDLEY, Philippa Lucy appointed
director
2006-04-30
➖
GUTTINGER, Antoine Jean Yves resigned
director
2004-05-20
➖
HARVEY, Kristine resigned
secretary
2004-05-20
➕
SF SECRETARIES LIMITED appointed
corporate-nominee-secretary
2004-04-24
➖
HECKER, Michael resigned
director
2004-01-29
➕
CUNIA, Gadi appointed
director
2004-01-29
➕
GUTTINGER, Antoine Jean Yves appointed
director
2004-01-29
➕
HECKER, Michael appointed
director
2004-01-29
➖
KITLEY, Robert Gowan resigned
director
2004-01-29
➖
STEPHENS, Richard Wayne resigned
director
2003-04-01
➕
HARVEY, Kristine appointed
secretary

Showing most recent 50 of 79 events

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

60/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 high ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2016-08-02

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2011-01-12: legacy

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

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ADAM SMITH LIMITED→ SC116109 · est 1989 · no financials extracted	—	—	—	—	37y	—	—
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ANDSTRAT (NO. 175) LIMITED→ SC256565 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
ANNIELYTICS LIMITED→ SC495422 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
ANNO 1939 (LICENCE) LIMITED→ SC709990 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusdissolved

Typeltd

Incorporated1994-02-21

Jurisdictionscotland

Primary SIC74990 — Non-trading company

Registered office

Quartermile One

15 Lauriston Place

Edinburgh

EH3 9EP

Filing status

Accounts

Next due: —

Last made up to: 2014-12-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 22 resigned)

MACLAY MURRAY & SPENS LLP→

corporate-secretary · appointed 2013-06-21

View their other companies + combined net worth →

Active

MACPHERSON, Brian Richard→

director · ~55y · appointed 2016-02-05

View their other companies + combined net worth →

Active

DUFFY, Emma→

secretary · appointed 1994-02-21 · resigned 1997-02-06

Resigned

HARVEY, Kristine→

secretary · appointed 2003-04-01 · resigned 2004-05-20

Resigned

HURLEY, Caroline Margaret Mary→

secretary · appointed 1997-02-06 · resigned 1997-11-14

Resigned

REID, Brian→

nominee-secretary · appointed 1994-02-21 · resigned 1994-02-21

Resigned

STORDY, Lawrence John→

secretary · appointed 1997-11-14 · resigned 2003-01-27

Resigned

SF SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2004-05-20 · resigned 2013-06-21

Resigned

ALLEN, Stewart Ernest→

director · ~67y · appointed 1998-03-18 · resigned 2003-01-27

Resigned

BRINDLEY, Philippa Lucy→

director · ~53y · appointed 2006-09-30 · resigned 2007-09-21

Resigned

CUNIA, Gadi→

director · ~56y · appointed 2004-01-29 · resigned 2008-12-22

Resigned

DUFFY, John→

director · ~80y · appointed 1994-02-21 · resigned 1997-02-06

Resigned

DUFFY, Joseph→

director · ~77y · appointed 1995-07-10 · resigned 1997-02-06

Resigned

GUTTINGER, Antoine Jean Yves→

director · ~52y · appointed 2004-01-29 · resigned 2006-04-30

Resigned

HECKER, Michael→

director · ~65y · appointed 2004-01-29 · resigned 2004-04-24

Resigned

HOWIE, William→

director · ~70y · appointed 2008-03-04 · resigned 2008-10-03

Resigned

KITLEY, Robert Gowan→

director · ~62y · appointed 2007-02-12 · resigned 2008-04-25

Resigned

KITLEY, Robert Gowan→

director · ~62y · appointed 2001-01-25 · resigned 2004-01-29

Resigned

LARSON, Stephen Lawrence→

director · ~68y · appointed 1997-02-06 · resigned 1998-03-19

Resigned

MABBOTT, Stephen→

nominee-director · ~76y · appointed 1994-02-21 · resigned 1994-02-21

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
satisfied	The Toronto-Dominion Bank as Security Agent for the Banks	Floating charge	1 property	13/05/1998	26/03/2003
satisfied	The Toronto-Dominion Bank for Itself and as Trustee for the Banks	Bond & floating charge	1 property	13/05/1998	26/03/2003
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Floating charge	1 property	07/06/1994	27/02/1997

Recent filings (139 total)

gazette-dissolved-voluntary

gazette · GAZ2(A)

2016-08-02

gazette-notice-voluntary

gazette · GAZ1(A)

2016-05-17

dissolution-application-strike-off-company

dissolution · DS01

2016-05-06

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2016-03-22

termination-director-company-with-name-termination-date

officers · TM01

2016-02-18

termination-director-company-with-name-termination-date

officers · TM01

2016-02-18

appoint-person-director-company-with-name-date

officers · AP01

2016-02-18

accounts-with-accounts-type-total-exemption-small

accounts · AA

2015-09-29

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2015-03-20

accounts-with-accounts-type-total-exemption-small

accounts · AA

2014-07-30

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2014-03-21

accounts-with-accounts-type-total-exemption-small

accounts · AA

2013-09-30

appoint-corporate-secretary-company-with-name

officers · AP04

2013-06-21

change-registered-office-address-company-with-date-old-address

address · AD01

2013-06-21

termination-secretary-company-with-name

officers · TM02

2013-06-21